F-Tech Inc.
Notice regarding the implementation of personnel optimization at the Chinese subsidiary
Optimize the personnel structure of the Chinese subsidiary Weifu Technology Industry. Approximately 500 employees to have employment contracts terminated, with retirement date set on 2026-08-31. Costs expected to affect the consolidated earnings for the Fiscal Year ending 2027.
Key Figures
- Targeted employees: Approximately 500 people
- Retirement date: 2026-08-31
- Expense recognition timing: Consolidated results for the fiscal year ending 2027
AI要約
Background
Against the backdrop of changes in demand for new energy vehicles in the Chinese automotive market and a decline in major production volumes, Eftech resolved to optimize the personnel structure of both companies as part of improving profitability and rebuilding the business foundation in its China operations.
Overview and cost outlook
The target employees are those of Weifu Technology Industry (Zhongshan) Co., Ltd. and Weifu Technology Industry (Wuhan) Co., Ltd., with voluntary contract terminations to be conducted through negotiations. Approximately 500 people are targeted, with the retirement date set for 2026-08-31. The retirement allowance expense is planned to be recognized in the consolidated results for the fiscal year ending 2027, and has been reflected to the extent that it is reasonably estimable at present.
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